Local Lot Striping and Sealing Business in Cambridge For Sale

Description

Commercial parking lot maintenance business for sale with vehicles, machinery, equipment and operating tools included.

Business model

The company provides maintenance and appearance-related services for parking lots serving commercial properties, retailers, property managers and other business locations.

The seller reports a combination of repeat work, maintenance agreements and ongoing relationships with commercial clients.

Operating profile

• Average revenue per job: approximately $3,000
• Typical turnaround: within approximately seven days of the initial inquiry
• Repeat commercial customers
• Maintenance agreements
• Existing relationships with property managers and national-chain accounts

The business uses proprietary products as part of its service process. Buyers should confirm ownership, licensing or continued access to these products as part of the transaction.

Included in the sale

• Vehicles
• Machinery
• Service equipment
• Tools
• Existing operating setup

Ownership structure

The company is designed so that an owner can focus primarily on management, sales and business development rather than personally completing every field job.

The seller states that the operation could also be managed by a hired general manager, subject to the buyer's staffing plan and economics.

Growth

The seller reports that current demand is greater than existing service capacity.

• Add crews and equipment
• Increase geographic coverage
• Pursue additional property-management accounts
• Expand national and multi-location commercial relationships
• Convert more customers to recurring maintenance schedules

Due diligence

Buyers should verify historical financials, recurring versus one-time revenue, customer concentration, contract terms, average job value, current backlog, equipment ownership and condition, vehicle titles, employee or subcontractor arrangements, insurance and the rights associated with any proprietary products before closing.